Annual report [Section 13 and 15(d), not S-K Item 405]

Long-Term Debt (Tables)

v3.25.4
Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2025
Schedule of Long-Term Debt

Long-term debt consists of the following:

 

 

 

December 31,

 

 

 

2025

 

 

2024

 

 

 

(in millions)

 

Borrowings under senior secured credit facility, carrying value

 

$

346.3

 

 

$

359.9

 

12.250% senior secured notes due 2029, carrying value

 

 

774.1

 

 

 

768.2

 

4.250% convertible senior notes due 2028, carrying value

 

 

273.4

 

 

 

271.9

 

7.875% senior notes due 2025, carrying value

 

 

 

 

 

261.8

 

4.875% senior notes due 2029, carrying value

 

 

596.3

 

 

 

595.4

 

Other

 

 

2.5

 

 

 

2.9

 

Total

 

 

1,992.6

 

 

 

2,260.1

 

Less: current portion

 

 

20.9

 

 

 

283.5

 

Long-term portion

 

$

1,971.7

 

 

$

1,976.6

 

Annual Scheduled Principal Payments of Debt

As of December 31, 2025, annual scheduled principal payments of debt were as follows:

 

 

 

Principal Payments

 

 

 

(in millions)

 

2026

 

$

20.9

 

2027

 

 

20.7

 

2028

 

 

297.9

 

2029

 

 

1,710.3

 

2030

 

 

0.2

 

Total

 

$

2,050.0

 

12.250 Senior Secured Notes due 2029 [Member]  
Schedule of Redemption Prices Express as a Percentage of Principal Amount the Company may redeem all or part of the 2029 Secured Notes at the following redemption prices, expressed as percentages of principal amount, plus accrued and unpaid interest thereon to the redemption date, if redeemed during the twelve-month period beginning on April 15 of the years indicated below:

 

 

 

Percentage

 

2026

 

 

106.125

 %

2027

 

 

103.063

 %

2028 and thereafter

 

 

100.000

 %

4.875% Senior Notes Due 2029 [Member]  
Schedule of Redemption Prices Express as a Percentage of Principal Amount

The Company may redeem all or part of the 2029 Notes at the following redemption prices, expressed as percentages of principal amount, plus accrued and unpaid interest thereon to the redemption date, if redeemed during the twelve-month period beginning on June 1 of the years indicated below:

 

 

 

Percentage

 

2025

 

 

101.219

 %

2026

 

 

100.000

 %